Author : Josh Lerner
Publisher :
ISBN 13 :
Total Pages : 201 pages
Book Rating : 4.:/5 (13 download)
Book Synopsis Impact of Early Stage Equity Funds in Latin America by : Josh Lerner
Download or read book Impact of Early Stage Equity Funds in Latin America written by Josh Lerner and published by . This book was released on 2016 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report contains the findings of research commissioned by the Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank (IDB) Group, to study the effectiveness of three recent venture capital fund investments in Latin America. The profiled funds, Vox Impact Investing Fund I, a Brazilian impact investment fund headquartered in São Paulo; Progresa, a classic VC fund located in Medellín, Colombia and focused on healthcare and technology companies; and NXTP Labs, a LatAm regional seed fund managed by an investment firm that runs an accelerator modeled on Silicon Valley's Y Combinator, serve as case studies to explore the direct and indirect impacts of the MIF's investments on the portfolio companies and the wider communities and region in which they operate. The researchers found evidence that the MIF's investments in the three funds were effective along several dimensions, such as providing risk capital in credit-constrained environments, arranging beneficial networking opportunities and business training, and supporting the region's innovation. Most notably, the MIF's funding and engagement markedly improved the VC ecosystems in which the funds operated.